Tex. Business & Commerce Code § 5.115
This is the official text of Tex. Business & Commerce Code § 5.115, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 5.115. STATUTE OF LIMITATIONS.
Official statutory text
An action to enforce a right or obligation arising under this chapter must be commenced within one year after the expiration date of the relevant letter of credit or one year after the cause of action accrues, whichever occurs later. A cause of action accrues when the breach occurs, regardless of the aggrieved party's lack of knowledge of the breach.
Status: in_force · Read it on the official government site
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